Understanding Financial Aid at Husson University
Husson University is committed to providing affordable and accessible education for all students. The university offers a wide range of financial aid options, including scholarships, grants, loans, and work-study programs.
Types of Financial Aid Available
- Scholarships: Scholarships are awarded based on academic merit, financial need, or other criteria. They do not need to be repaid.
- Grants: Grants are awarded to students based on financial need. They do not need to be repaid.
- Loans: Loans are a type of financial aid that students borrow to pay for college. They must be repaid with interest after graduation.
- Work-Study Programs: Work-study programs allow students to earn money to offset the cost of tuition and fees by working on campus.
Eligibility for Financial Aid
To be eligible for financial aid at Husson University, students must:
- Be enrolled as a degree-seeking undergraduate or graduate student
- Be a U.S. citizen, permanent resident, or eligible non-citizen
- Have a high school diploma or equivalent
- Maintain satisfactory academic progress
Applying for Financial Aid
Students can apply for financial aid by completing the Free Application for Federal Student Aid (FAFSA). The FAFSA is a federal form that is used to determine a student’s eligibility for federal, state, and institutional financial aid.
The FAFSA should be filed as early as possible after October 1 of the year before the student plans to enroll in college. Students can apply online at the FAFSA website.
Awarding Financial Aid
Husson University uses a holistic approach to awarding financial aid. The university considers factors such as academic merit, financial need, and other circumstances when awarding financial aid packages.
Students who are awarded financial aid will receive a financial aid notification letter from the university. The notification letter will outline the types and amounts of financial aid that the student has been awarded.
Accepting Financial Aid
Students who have been awarded financial aid must accept the aid in order to receive it. To accept financial aid, students must:
- Log in to their online student account
- Click on the “Financial Aid” tab
- Click on the “Accept Financial Aid” button
Students who have questions about accepting financial aid should contact the Husson University Financial Aid Office.
Tips for Managing Financial Aid
Students can follow these tips to manage their financial aid effectively:
- Create a budget: Track your expenses and income to make sure that you are staying on track financially.
- Make smart choices about your spending: Avoid spending money on unnecessary items.
| Expense | Amount |
|---|---|
| Tuition and fees | $20,000 |
| Room and board | $10,000 |
| Books and supplies | $1,000 |
| Transportation | $500 |
| Personal expenses | $2,000 |
| **Total** | **$33,500** |
- Take advantage of free resources: There are many free resources available to help students manage their finances, such as financial planning workshops and counseling services.
- Get help if you need it: If you are struggling to manage your finances, don’t hesitate to contact the Husson University Financial Aid Office.
Avoiding Common Financial Aid Mistakes
Students can avoid these common financial aid mistakes by:
- Not applying for financial aid: Don’t assume that you won’t qualify for financial aid. Even if you think you may not qualify, it is still worth applying.
- Not completing the FAFSA on time: The FAFSA deadline is typically June 30, but students are encouraged to file as early as possible after October 1 of the year before they plan to enroll in college.
- Not accepting all of your financial aid: If you are awarded financial aid, accept all of it. Don’t leave any money on the table.
- Using financial aid to pay for non-essential expenses: Financial aid should be used to pay for essential expenses, such as tuition, fees, room, and board. Avoid using financial aid to pay for non-essential expenses, such as entertainment or travel.
- Not managing your finances wisely: Students who do not manage their finances wisely may find themselves in debt after graduation.
Conclusion
Financial aid is an important resource for students who need help paying for college. Husson University offers a wide range of financial aid options to help students make their education affordable. By following the tips outlined in this article, students can maximize their financial aid and achieve their educational goals.